When we think about a vacation rental , many doubts come to mind that we allow to overshadow all the benefits of renting vacation homes, apartments for days and even rooms.

If you have a vacation rental and want to earn more income, it is essential to offer the tenant what they are looking for among their vacation partners and provide them with a service where they feel satisfied, safe and happy.

What do your customers think about when looking for a vacation rental?

When vacationers budget for their trip, they take into account all the comforts and advantages that their accommodation can offer them.

Below you can find some of the points that vacationers think about:

Budget : The vacation rental offer is very wide and they seek to adapt their budget to the place that meets their expectations and can accommodate their pocket.

Accommodation: we can talk about rural and urban accommodation, this will depend on the type of tourism the tenant is looking for and the location of the holiday home you have for rent; make sure to adapt the place according to the conditions that the environment requires.

Service: Your clients will be attracted by the impression they have when receiving the service, this includes the digital platforms that are used as mediators and compliance with the conditions of the property.

A great way to earn more income is to provide the client with the vacation rental they are looking for and with which they can accommodate in all aspects leaving their worries aside.

To do this, it is also necessary to identify : What are tenants concerned about?

Address your tenants’ needs and concerns

It is understood that one of the biggest concerns for tenants is the online scams that are reported in the media. Make sure you have platforms like Lobby that offer confidence to customers due to the security measures they offer.

Another common concern is whether they will receive what they have been told online. Make sure that everything you offer is clear: talk about the amenities they have, details about the area where they will be located, the services included…

With good strategies, you can implement a business model that is profitable and generates profits depending on the vacation rental you have to offer and its conditions.

It is important to know then that obtaining income through vacation rentals is thanks to important factors such as the management of tourism where you provide the service and the logistics of the place.
Here are some tips for you.

How to earn more income from vacation rentals?

Alert to all events:

Keep a calendar of tourist events taking place in the location where your vacation rental is located, so you will be informed of dates that may be important within this economic sector.

Decide how you want to rent:

Consider your service structure. You could rent out separate rooms or provide a complete space at a higher price.

Know the tourist demands:

Identify your type of client and their needs. What does someone looking for when traveling to a place with a warm or cold climate, tourist attractions, what amenities do I offer compared to other accommodations?

Identify your competition:

Competition is necessary for optimal growth. Identify who your competition is, how they differ, and what you can offer to improve.

Pet friendly?:

Pet-friendly places are gaining all the attention as living with pets has accelerated and they are part of the family. If you want to earn more income, you could make your accommodation visible as a pet-friendly place and welcome them on vacation as well.

Many people prefer to feel at home when they travel, rather than in a hotel room. Others want to get better prices, and others just want to travel with a guaranteed place. Give them the security that your vacation rental can provide them with all of this.

Vacant homes can become a source of income if they are well managed so that you can say that holiday rentals and earning income go hand in hand.

Don’t stop thinking about that holiday rental because you have all the opportunities in sight and at LobbyPMS we will not hesitate for a second to advise you, we want to help you increase your sales.